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Blackberry firm sees sales jump | Blackberry firm sees sales jump |
(about 2 hours later) | |
Buoyant demand for the Blackberry wireless e-mail device has boosted its Canadian manufacturer. | Buoyant demand for the Blackberry wireless e-mail device has boosted its Canadian manufacturer. |
Profits at Research in Motion (RIM) hit $513.7m (£258m) in the three months to 1 December compared with $237.2m a year earlier. Sales rose 22% to $1.37bn. | |
The firm signed up 1.65 million new Blackberry users over the period and shipped nearly four million devices. | The firm signed up 1.65 million new Blackberry users over the period and shipped nearly four million devices. |
Demand for the product was particularly strong among business people and government officials, it added. | Demand for the product was particularly strong among business people and government officials, it added. |
RIM shares rose more than 4% on the Nasdaq exchange in New York on the news. | RIM shares rose more than 4% on the Nasdaq exchange in New York on the news. |
'Solid performance' | 'Solid performance' |
At the end of November, there were 12 million Blackberry subscribers. | At the end of November, there were 12 million Blackberry subscribers. |
The firm expects to sign up another 1.8 million customers in the three months to the beginning of March. | The firm expects to sign up another 1.8 million customers in the three months to the beginning of March. |
RIM and its partners continue to execute our business plans effectively Jim Balsillie, Research in Motion co-chief executive See RIM shares | RIM and its partners continue to execute our business plans effectively Jim Balsillie, Research in Motion co-chief executive See RIM shares |
It is targeting customers in fast-growing economies such as China and India as well as core markets such as the US, Canada and the UK. | It is targeting customers in fast-growing economies such as China and India as well as core markets such as the US, Canada and the UK. |
"RIM and its partners continue to execute our business plans effectively," said the firm's co-chief executive Jim Balsillie. | "RIM and its partners continue to execute our business plans effectively," said the firm's co-chief executive Jim Balsillie. |
"Performance in the third quarter was solid with strong adoption of Blackberry products and services continuing across multiple market sectors including enterprise, small and medium business and consumer market segments." | "Performance in the third quarter was solid with strong adoption of Blackberry products and services continuing across multiple market sectors including enterprise, small and medium business and consumer market segments." |
RIM is forecasting that fourth-quarter sales will increase to $1.8bn. | RIM is forecasting that fourth-quarter sales will increase to $1.8bn. |
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